TOBA GMS Decides To Divest Two PLTUs

Director of PT TBS Energi Utama Tbk, July Oktarina. (Maria Trisnawati / VOI)

JAKARTA - The General Meeting of Shareholders (GMS) of PT TBS Energi Utama Tbk (TOBA) has agreed to divest two assets of Steam Power Plant (PLTU). Each PLTU has a capacity of 2x50 MW or has a total power plant capacity of 200 MW.

Director of PT TBS Energi Utama Tbk, Juli Oktarina said, the PLTUs that were divested were PT Minahasa Cahaya Lestari (MCL) PT Gorontalo Listrik Perdana (GLP). The PLTU buyers are PT Kalibiru Sulawesi Abadi (KSA).

"We will get 144.8 million US dollars from divestment," he said when met after the GMS in Jakarta, Thursday, November 14.

The fresh funds obtained by the company are higher than the Company's initial investment value of 87.4 million US dollars.

Juli said the funds from this divestment will provide financial flexibility for FFB to invest further in sustainable sectors, including waste management, new and renewable energy, as well as the electric vehicle ecosystem.

"Furthermore, this corporate action also helps the Company to gain access to more varied and competitive financing sources, as well as opportunities for investment in the larger sustainability business sector," he continued.

Lebih lanjut Juli bilang, PT Kalibiru Sulawesi Abadi (KSA) yang bertindak memiliki afiliasi dengan Perseroan dalam proses akuisisi terhadap dua aset, yaitu PT Gorontalo Listrik Perdana (GLP), pengelola PLTU Sulawesi Bagian Utara (Sulbagut) berkapasitas 2 x 50 MW di Desa Tanjung Karang, Gorontalo, dan PT Minahasa Cahaya Lestari (MCL), pengelola PLTU Sulut 3 berkapasitas 2 x 50 MW di Desa Kema I, Sulawesi Utara. Untuk memastikan proses divestasi berjalan dengan baik dan sesudah, TBS bermitra dengan Jefferies dan Mandiri Sekuritas sebagai pendampingan dalam transaksi ini.

TBS will ensure that the ownership transition runs smoothly while still paying attention to the aspirations of all stakeholders, including PT PLN (Persero), local governments, buyers, lenders, employees, suppliers, and communities around the operating areas of the two companies. We are committed to maintaining the harmonious relationship that has been established so far, as well as ensuring compliance with all applicable regulations and operational sustainability at these two PLTUs," said Juli.